India: Temasek to buy $73m stake in Integrace, True North to part exit

India: Temasek to buy $73m stake in Integrace, True North to part exit

Singapore’s state investment firm Temasek Holdings has signed a definitive agreement to invest about $73 million (Rs 540 crore) through a mix of primary and secondary for a stake in pharmaceuticals-focused platform Integrace Pvt Ltd, in which private equity firm True North holds a significant majority stake.

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